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toyota is going to fix this safety. they're a great company. 170,000 jobs in this country generated by toyota. 170,000 jobs. they are virtually an american company. so let's hope they get better and let's not grind them into the ground. >>> coming up, my last thought on john kasich who sounded a lot like scott brown, which is very much to my liking. hi, ellen! hi, ellen! hi, ellen! hi, ellen! we're going on a field trip to china! wow. [ chuckles ] when i was a kid, we -- we would just go to the -- the farm. [ cow moos ] [ laughter ] no, seriously, where are you guys going? ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! [ female announcer ] the new classroom. see it. live it. share it. on the human network. cisco. >>> one of the things that really struck me about my old friend john kasich in my interview tonight was how much he sounded like scott brown, the incumbent senator from massachusetts of the revolutionary scott brown. john kasich talked about smaller government, s
toyota is going to fix this safety. they're a great company. 170,000 jobs in this country generated by toyota. 170,000 jobs. they are virtually an american company. so let's hope they get better and let's not grind them into the ground. >>> coming up, my last thought on john kasich who sounded a lot like scott brown, which is very much to my liking. hi, ellen! hi, ellen! hi, ellen! hi, ellen! we're going on a field trip to china! wow. [ chuckles ] when i was a kid, we -- we would just...
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Feb 9, 2010
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toyota recalling its prius worldwide. we'll have a live report plus ask is the worst behind in the embattled automaker? hello, melissa. >> we'll talk life with the ceo of a tech company whose stock has doubled in the past year ask who just reported strong earnings this morning. this is "the call" on cnbc. >>> stocks moving higher this morning as hopes grow that the european union will help greece with its growing debt problems. on the corporate front, positive news from coke and mcdonald's also helping sentiment. right now take a look at how the s&p 500 is trading on the plus side about three-quarters of a percentage point. 1,064 is the trade there. we're off the highs of the session and we're up triple digits on the day. well, as soon as i said that it went away. i jifrnged it. there we go, thank goodness. take a look at the nasdaq right now as well. it is also trading in positive territory. it's up about two-thirds of a percentage point. trish, what's happening on the floor today? >> a lot of speculation about the ecb a
toyota recalling its prius worldwide. we'll have a live report plus ask is the worst behind in the embattled automaker? hello, melissa. >> we'll talk life with the ceo of a tech company whose stock has doubled in the past year ask who just reported strong earnings this morning. this is "the call" on cnbc. >>> stocks moving higher this morning as hopes grow that the european union will help greece with its growing debt problems. on the corporate front, positive news from...
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Feb 6, 2010
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toyota is considering a marketing efrlt. the company estimates they lost 20,000 sales because of the recall. that could cost the company a total of $2 billion when all said and done. and when you look at shares on the day, a relatively good one. the focus next week, what happens when toyota executives go to capitol hill to take part in congressional hearings. lawmakers want to ask toyota what it knew, when did it know it? and should the government have known about these problems with toyota models? >> all right. phil lebeau, the battle goes on down there over toyota. >>> coming up now, looming tax hikes, deflation contagion. but let's not forget recovering profits and the economy's looking better. our all-star friday round table is ready to cover it all. give you a little investment road map for the next week and beyond. keep it right here. you're watching "the kudlow report." and as a progressive customer, you get to use any of our concierge claim centers. so i can just drop off my car and you'll take care of everything? ye
toyota is considering a marketing efrlt. the company estimates they lost 20,000 sales because of the recall. that could cost the company a total of $2 billion when all said and done. and when you look at shares on the day, a relatively good one. the focus next week, what happens when toyota executives go to capitol hill to take part in congressional hearings. lawmakers want to ask toyota what it knew, when did it know it? and should the government have known about these problems with toyota...
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Feb 11, 2010
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new rules of the road for toyota is ahead. tell you why the automaker may be facing a new reality when it comes to pricing in the wake of the recall. >>> welcome back. time for the "fast money" final call aside from this week, we've seen some recent selling in the commodity's sector. our next guest says it's going to be a different story going forward, joe terranova the chief market strategist over at avertis investment partners. "fast money" trader i know and well. put up the cop perptrade intraday here. copper's been under pressure. a big spike up today. how do you explain this to people, to your average investor who is looking at this today. >> i think it's all about the unwind of the carry trade, bob. and i think the end of this week in the commodity's space in particular, copper, gold and oil, is going to look a lot different than it did last week. last week, it was just a liquidation. this week the fundamentals are back in play. number's out of china suggest demand is good. e.m. demand is good. all three of those commodi
new rules of the road for toyota is ahead. tell you why the automaker may be facing a new reality when it comes to pricing in the wake of the recall. >>> welcome back. time for the "fast money" final call aside from this week, we've seen some recent selling in the commodity's sector. our next guest says it's going to be a different story going forward, joe terranova the chief market strategist over at avertis investment partners. "fast money" trader i know and well....
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for more on the implications for toyota dealerships and those who own toyota dealerships, check out the blog behind the wheel.cnbc.com. by the way, larry, autonation, 20% of its business come from its sales even though the business is toyota. >> thank you, phil lebeau. appreciate the update. now "power lunch" is coming up at the top of the hour. sue herera what is on your plate? we have a ceo summit coming up right here on "power lunch." five top ceos from one of the nation's influential businesses will joining us "power lunch" to talk about the company, the political climate in washington and speaking of which, does america need a political reboot, if you will, in washington? have we become politically unstable in the eyes of the rest of the world? we will talk about that and what about all of the trash tv that's out there. two big corporate titans are teaming together and they're going to try and put more family friendly fare on television. will it work? will it catch on? it will make money? we'll talk about that at noon. back to you. >> sue, have a great show. >>> up next here on "th
for more on the implications for toyota dealerships and those who own toyota dealerships, check out the blog behind the wheel.cnbc.com. by the way, larry, autonation, 20% of its business come from its sales even though the business is toyota. >> thank you, phil lebeau. appreciate the update. now "power lunch" is coming up at the top of the hour. sue herera what is on your plate? we have a ceo summit coming up right here on "power lunch." five top ceos from one of the...
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there were reports that toyota would issue a recall for the '08 prius. that is an extension for the previous recall. maria, we will hear from the highway patrolmen in a matter of minutes. >> we'll be waiting for that. phil lebeau. >>> still to come, tim geithner meeting with the prime minister of greece. up next i will talk with the finance minister of greece. we will discuss his nation's efforts to pay down the debt. back in a moment. >> here is a look at some of today's "winners and losers." tdd# 1-800-345-2550 that's why, at schwab, tdd# 1-800-345-2550 every online equity trade is now $8.95 tdd# 1-800-345-2550 no matter your account balance, how often you trade tdd# 1-800-345-2550 or how many shares... tdd# 1-800-345-2550 you pay what they pay what everyone pays: $8.95. tdd# 1-800-345-2550 and you still get all the help tdd# 1-800-345-2550 t you expect from schwab tdd# 1-800-345-2550 millions of investors. one price. tdd# 1-800-345-2550 at charles schwab... tdd# 1-800-345-2550 investors rule. tdd# 1-800-345-2550 are you ready to rule? >>> welcome back
there were reports that toyota would issue a recall for the '08 prius. that is an extension for the previous recall. maria, we will hear from the highway patrolmen in a matter of minutes. >> we'll be waiting for that. phil lebeau. >>> still to come, tim geithner meeting with the prime minister of greece. up next i will talk with the finance minister of greece. we will discuss his nation's efforts to pay down the debt. back in a moment. >> here is a look at some of today's...
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the question becomes what do you do if you are toyota. if you believe the problems have been fixed by changing the gas pedal with the shims, shortening it up, taking out the floor mats, toyota's perception is they fixed this. >> don't they have to say -- come out and say we have fixed this problem? here is evidence and statistics? >> they have. >> 47% down. that's a bone crusher, phil. >> they have. they said that repeatedly. problem is their message is being drowned out by other messages out there. >> phil lebeau, thanks so much. "power lunch" is coming up at the top of the hour. sue herera is here with a preview. >> we will talk about whether or not it was up to you which government agencies would you eliminate because they are infective. waste of taxpayer money. we will debate which one ones should stay and which ones should go. ahead, superstar portfolio manager that will tells where he is putting his billions of dollars right now. 3 the a stock that's more than doubled since last march's bottom. would buying it now put your portfolio
the question becomes what do you do if you are toyota. if you believe the problems have been fixed by changing the gas pedal with the shims, shortening it up, taking out the floor mats, toyota's perception is they fixed this. >> don't they have to say -- come out and say we have fixed this problem? here is evidence and statistics? >> they have. >> 47% down. that's a bone crusher, phil. >> they have. they said that repeatedly. problem is their message is being drowned out...
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May 11, 2010
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we're talking about toyota. all we heard was just one back recall story after another from toyota. but today, the embattled automaker shows it can live up to its own tag line moving forward thanks to aggressive sales incentives. the car giant managed to book an operating profit of $1 billion in the january to march period, marking a third straight quarterly profit and a dramatic swing from the roughly $7 billion loss reported a year earlier. analysts had been expecting toyota to record a loss of some $67 million. let's talk more about toyota and japan now. and, of course, our guest host, brad joins from deutsche bank is still with us. let me first ask you, toyota doing better than expected. the forecast this year was slightly weaker. i think toyota can continue to recover from this recall crisis? >> yeah. i think the recall problem is virtually over. i think the concern is more to do with the foreign exchange rate going on right now, strengthening of the yen and whether there's strategy of expanding their sales in emerging nations as well as raking in profits from the advanced nati
we're talking about toyota. all we heard was just one back recall story after another from toyota. but today, the embattled automaker shows it can live up to its own tag line moving forward thanks to aggressive sales incentives. the car giant managed to book an operating profit of $1 billion in the january to march period, marking a third straight quarterly profit and a dramatic swing from the roughly $7 billion loss reported a year earlier. analysts had been expecting toyota to record a loss...
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also toyota's problems. they continue to mount so the big question we're asking here is, are cars just too over engineered? is that part of the problem? do we need to go back to basics? we have all of that plus the ceo of open table. you know the restaurant reservations company. we'll talk about his sense of the economy, what the economic outlook is. all coming up only on "the call" at the top of the hour. first "squawk on the street" is back with the rodeo right after this. >>> now the moment mark and our viewers have been waiting for, arguable e the biggest event of the year for san antonio is going on right now. it's called the san antonio stock show and rodeo. it is in full swing. live from the rodeo across town is keith martin, executive director and ceo. keith, we really appreciate it. we've been seeing some amazing videos of people riding bulls. let me just ask you, you've been doing this for decades. what are some of the biggest events that go on at the rodeo? >> well, of course, the rodeo, erin, and
also toyota's problems. they continue to mount so the big question we're asking here is, are cars just too over engineered? is that part of the problem? do we need to go back to basics? we have all of that plus the ceo of open table. you know the restaurant reservations company. we'll talk about his sense of the economy, what the economic outlook is. all coming up only on "the call" at the top of the hour. first "squawk on the street" is back with the rodeo right after this....
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toyota, would you buy a toyota? the stock, neither or both in the results are, 13% said yes they'd buy a car, 6%, the stock. 42% neither. >> 38% both. so you have a total of 57% or 58%, saying they would buy one, the other or both. >> okay, now big, big news. let's show the picture. panda one, tai shan is in there. now he's at breeding age and the deal is china lets us borrow the bears and he's got to fly back. >> no, no, no, don't shift the camera. he was just coming over to the window. >> a great shot of the metal detector. oh, really? so tai shan is going back. the deal was that we would send him back when he was breeding age. >> we can't even grow with china on pandas. >>> good morning, everyone, welcome to "the call." i am trish regan and we are 90 minutes into today's session and stocks are under a lot of pressure right now thanks to sovereign debt problems overseas. we will sort all of this out for you. larry? >> i'm larry kudlow, a strong sales month for department stores and unemployment claims are kind of
toyota, would you buy a toyota? the stock, neither or both in the results are, 13% said yes they'd buy a car, 6%, the stock. 42% neither. >> 38% both. so you have a total of 57% or 58%, saying they would buy one, the other or both. >> okay, now big, big news. let's show the picture. panda one, tai shan is in there. now he's at breeding age and the deal is china lets us borrow the bears and he's got to fly back. >> no, no, no, don't shift the camera. he was just coming over to...
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toyota is clearly in focus against japan. guess what? this particular company is lifting its guidance despite the recall problems we've seen. hang seng off 0.1%. the shanghai market is down 0.3%. concerns about new share supplies, further tightening concerns, china trade tensions, all that weighing on greater china. in south korea, this is how the kospi is looking. ending up pretty much flat. there we go. up just one point and the bombay sensex trading down 176% and the aussie market off 0.6%. so overall, markets in asia broadly lower. nicole. >> broadly lower here, as well, in the united states, christine. just in the last half hour, we have seen dow futures go lower, below fair value we are looking at the dow, fair value about -- we're 40 below now as is the s&p 500 and the nasdaq. markets are closely watching weekly jobless claims data and productivity on the eve of jobs friday. >> before we get to the jobs, nicole, we have to discuss what is going to happen with the ecb and the bank of england. they're both meeting today. joining us
toyota is clearly in focus against japan. guess what? this particular company is lifting its guidance despite the recall problems we've seen. hang seng off 0.1%. the shanghai market is down 0.3%. concerns about new share supplies, further tightening concerns, china trade tensions, all that weighing on greater china. in south korea, this is how the kospi is looking. ending up pretty much flat. there we go. up just one point and the bombay sensex trading down 176% and the aussie market off 0.6%....
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the stock today was higher by 2%. >>> so toyota, the big story of the moment, certainly could toyota's massive vehicle recall end up resulting in the largest product liability case ever? cnbc's phil lebeau in chicago now. >> reporter: it's early but stay possibility that this could be a whopper in terms of product liability. lawyers are already setting up websites asking toyota victims if they're out there to contact them so they could be involved in a lawsuit. there are 41 class action suits. 13 individual suits filed so far against toyota. one that we might see involves a family killed with an avalon had weather it crashed outside of a lake in dallas the day after christmas. roughly 2,200 incidents that have been you know notified or picked out as far as involving unintended acceleration. this is according to safety research and strategies. they say there are 815 crashes. the two bottom numbers, pay attention to those, 314 injuries, 19 deaths. given the relatively small number of injuries and deaths relative to about 7 million vehicles some believe that toyota's legal troubles could
the stock today was higher by 2%. >>> so toyota, the big story of the moment, certainly could toyota's massive vehicle recall end up resulting in the largest product liability case ever? cnbc's phil lebeau in chicago now. >> reporter: it's early but stay possibility that this could be a whopper in terms of product liability. lawyers are already setting up websites asking toyota victims if they're out there to contact them so they could be involved in a lawsuit. there are 41 class...
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manufacturers. >> what could help you that might help you sell toyota. is there anything that you're watching that might push you? >> we've watched throughout this crisis and unfortunately, it's been one issue after another. we thought it was a very contained, small issue that had punished the stock and that's when we took the opportunity to buy it. you know this prius issue that's just come up certainly is a concern, but it doesn't seem anywhere as significant as the accelerator issue. at some point here the pleading stops and you have a high-quality stock at a discount price. >> when this phil lebeau? that's the question. you feel like the centipede and the shoe keeps dropping every day. >> i think there's an element here that let's make sure the regulators are saying let's make sure of all of the problems with toyotas and once we know that we do the investigations. is it possible that we could hear about another defect involving another vehicle or line of vehicles? that's possible, but for the most part you're hearing anyone come out of the woodwork.
manufacturers. >> what could help you that might help you sell toyota. is there anything that you're watching that might push you? >> we've watched throughout this crisis and unfortunately, it's been one issue after another. we thought it was a very contained, small issue that had punished the stock and that's when we took the opportunity to buy it. you know this prius issue that's just come up certainly is a concern, but it doesn't seem anywhere as significant as the accelerator...
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. >>> breaking news from toyota, it will recall 50,0002003 model year toyota sequoias to upgrade the software in the vehicle stability control. this is similar to the issue that we saw with the lexus gx 3450. no injuries, no accidents contributed to the issue with the software in the 2003 sequoias, but, again, toyota recalling 50,000, 2003 toyota sequoias for vehicle stability control upgrades. guys, back to you. >> this is in addition to what we saw after that consumer reports came out with the lexus and then recommending, of course, that the lexus be recalled. >> right, correct. we're talking about stability control and whether or not the system, the software, the logic that they call it within the software is functioning at optimum capacity in terms of how it should be working. that is upgraded as part of this recall. again, toyota saying no accidents, no injuries reporting from this problem. >> thanks very much, fill lebeau. >>> let's go back to our greece panel there. they're still there. matt hogan, andy believes there is a play here. i want to get in this question to you befor
. >>> breaking news from toyota, it will recall 50,0002003 model year toyota sequoias to upgrade the software in the vehicle stability control. this is similar to the issue that we saw with the lexus gx 3450. no injuries, no accidents contributed to the issue with the software in the 2003 sequoias, but, again, toyota recalling 50,000, 2003 toyota sequoias for vehicle stability control upgrades. guys, back to you. >> this is in addition to what we saw after that consumer reports...
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toyota executives will be appearing on capitol hill looking into the toyota recalls. the hearings will be similar in nature to the to the ones we saw last week on the house side. also tomorrow, february auto sales are recorded by the industry. this will be the first full month that we have seen toyota go through sales since the recalls began in late january. the expectation is that the company may see a hit sales of anywhere from 15% to 20%. it will be interesting to see if the numbers are poor as many are expecting. who benefits because of toyota's troubles. >>> low going on after hours tonight. brian shactman is here with the after hours bell sweep. >> thank you, maria. qualcomm moving after hours. hiking dividend by two cents to 19 cents a share. the company also announcing it will buy back $3 billion worth of shares. now, that pop, of course, offsetting 3% of the downside during the regular trading day. it is getting most of it back. we have seen this with several companies of late. if you can't acquire companies starting to deploy their excess cash. really an iss
toyota executives will be appearing on capitol hill looking into the toyota recalls. the hearings will be similar in nature to the to the ones we saw last week on the house side. also tomorrow, february auto sales are recorded by the industry. this will be the first full month that we have seen toyota go through sales since the recalls began in late january. the expectation is that the company may see a hit sales of anywhere from 15% to 20%. it will be interesting to see if the numbers are poor...
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. >> not just automakers. >> everybody should run and model toyota and everybody talks about the toyota model. comes now the wall street journal says there is an issue of secrecy. >> and they were lying to regulators and withholding information. the complaints rolled in through 2005 been 2006. >> and before that, though, i think jobs was last week in the "new york times" when they talked about one of the problems toyota had was the desire to beat gm in terms of market share and that's what drove them rather than serving customer webs again, not what you would expect the from this company at all. >> it's shocking considering this is a company that has been known for strong performance, for where safety is concerned. >> it's even stronger than that in my mind in the sense that toyota was a company that could do no wrong. they were suppressing jobs and keeping jobs quiet. you're right, the issue about market share, they were so driven on that. and every week, every month, toyota, more market share, more market share. you would shake your head. >> and they were driving jobs, trying to beat
. >> not just automakers. >> everybody should run and model toyota and everybody talks about the toyota model. comes now the wall street journal says there is an issue of secrecy. >> and they were lying to regulators and withholding information. the complaints rolled in through 2005 been 2006. >> and before that, though, i think jobs was last week in the "new york times" when they talked about one of the problems toyota had was the desire to beat gm in terms of...
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i'm a buyer of toyota as trades, i'm a buyer of toyota dealerships. what i see from customers on the showroom floor is that while they're well aware of everything that's going on, their fundamental trust and confidence in toyota remains. >> and you'll have a better idea of that in the next week or two. you can come back and tell us more about it then, right? >> absolutely. >> mike, thanks very much. we appreciate it. >> thank you. >>> if you have any comments or questions about anything else you see here on "squawk," e-mail us at squawk@cnbc.com. >>> up next, european leaders ready to help greece. we'll have the details. we'll be speaking exclusively to goldman's chief european economist who says the greece will be contained. >>> also to come, christina romer, economic council of advisers chair joining us to talk about the economic report of the president, where we stand in reviving the economy just ahead. >>> time now for today's aflac trivia question. how many years did nelson mandela spend in prison before he was finally released on this day in 199
i'm a buyer of toyota as trades, i'm a buyer of toyota dealerships. what i see from customers on the showroom floor is that while they're well aware of everything that's going on, their fundamental trust and confidence in toyota remains. >> and you'll have a better idea of that in the next week or two. you can come back and tell us more about it then, right? >> absolutely. >> mike, thanks very much. we appreciate it. >> thank you. >>> if you have any comments or...
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that is surprisingly toyota. stock able to rally as the company's president toyota apologizes, promising a global quality task fore, et cetera. when i take a look at this stock, you think of past recalls, names like merck, names like ford with the firestone recall and they did not see this bounce back for a long time. they didn't recapture levels prior to the recall for years. do you believe in this rally? scott, redler. >> you get to see some opportunity. yesterday while the market accelerated into the close, it did not make new lows. so technically there was a divergence there to take advantage of as an active trader. we did go long, some in the money calls. for a bounce back. i'm not looking long term, i'm looking for a trade back to 75, 77, then we'll figure out what the real ramifications of these recalls are down the road. >> katie, what level does toyota need to hold above in order to return to early '09 levels? >> right, the support on tm's chart is about 72 1/2. a break below which would suggest move bac
that is surprisingly toyota. stock able to rally as the company's president toyota apologizes, promising a global quality task fore, et cetera. when i take a look at this stock, you think of past recalls, names like merck, names like ford with the firestone recall and they did not see this bounce back for a long time. they didn't recapture levels prior to the recall for years. do you believe in this rally? scott, redler. >> you get to see some opportunity. yesterday while the market...
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the toyota recall could be getting even bigger. reports are now swirling in this case that the company is preparing a recall of the new prius hybrid in japan. shares of toyota are down again today and phil lebeau is live in chicago. phil, i guess it's got to be hard to tell at this point what's really going to happen and what isn't. >> we'll get something in the next couple days, erin. it may not be a formal announced recall but it will be the company's plan for dealing with about 270,000 priuses. we'll talk about that in a little bit but first some news regarding toyota and its assembly plant. if you remember, six assembly plants were shut down when they decided they were going to stop making eight models while they redid the gas pedals on those models. well, they have put redesigned gas pedals on those eight models including the best selling camry and those plants all fired back up and are once again building vehicles. now to the prius. toyota is expected to announce a plan to repair the prius brakes in coming days, again, about
the toyota recall could be getting even bigger. reports are now swirling in this case that the company is preparing a recall of the new prius hybrid in japan. shares of toyota are down again today and phil lebeau is live in chicago. phil, i guess it's got to be hard to tell at this point what's really going to happen and what isn't. >> we'll get something in the next couple days, erin. it may not be a formal announced recall but it will be the company's plan for dealing with about 270,000...
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the toyota work continues. scott brown is sworn in. and carly fee or reen. report," fears of european government bond defaults. the dow lost almost 270 points barely clinging to the 10,000 level. well, how important really is greece, portugal, and spain. who would have thunk it? but a bigger question. will europe save the euro. meanwhile will the bank tax announcement lost 700 points. is there a war on capital and investment? maybe that's the real cause of our stock market decline. but help may be on the way. massachusetts senator scott brown was sworn in today with his vow to fight tax and spend policies plus the first annual tea party meeting today and joining the revoft against big government tax and spend carly fee or reno blassing her opponent as the evil sheep. as team obama embarked on a war on toyota or is this really just a safety issue? fasten your seat belts, everybody. "the kudlow report" begins rye now. good evening, everyone. i'm larry kudlow.
the toyota work continues. scott brown is sworn in. and carly fee or reen. report," fears of european government bond defaults. the dow lost almost 270 points barely clinging to the 10,000 level. well, how important really is greece, portugal, and spain. who would have thunk it? but a bigger question. will europe save the euro. meanwhile will the bank tax announcement lost 700 points. is there a war on capital and investment? maybe that's the real cause of our stock market decline. but...
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. >> up next, the toyota situation. phil lebeau with details on those recalls of 700,000 hybrid asks whether there's more to come. >> we're watching the market, of course, up better than 200 points. disney reporting after the bell. we'll tell you if the mouse house will deliver for investors. >>> there's a bipartisan white house summit on jobs this morning. here's the question, though, does raising the minimum wage help workers or kill jobs? we'll debate that. >> we have the sports illustrated supermodel coming up and of course, "the fast money halftime report" all straight ahead. >>> very active markets this moment. the dow up 203 reports as reports came out of europe of a plan to assist greece with its debt problems. nasdaq higher again there by 33 points and the s&p by 19. the biggest dow mover is katrina, an upgrade by morgan stanley setting a price target of $70 a share, moving up from overweight -- to overweight from under weight. >> shares of toyota are also rising today. this despite the automaker retailer, reca
. >> up next, the toyota situation. phil lebeau with details on those recalls of 700,000 hybrid asks whether there's more to come. >> we're watching the market, of course, up better than 200 points. disney reporting after the bell. we'll tell you if the mouse house will deliver for investors. >>> there's a bipartisan white house summit on jobs this morning. here's the question, though, does raising the minimum wage help workers or kill jobs? we'll debate that. >> we...
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Apr 29, 2010
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breaking news from toyota. a week and a half after recalling around 5,000 lexus gx 460 and two weeks after suspending sales of the luxury suv, toyota has a fix in place to fix the stability control issues with that vehicle. the company is now going to resume sales of the lexus gx 460 and will start contacting owners of those 5,000 who have already bought the suv so they can come in and get the software upgrade. again, toyota, resuming sales of the gx 460 two weeks after suspending sales. trish, back to you. >> phil, thank you so much. >>> we have seen upside in europe and certainly huge volume in spain's exchange-traded funds on the back of the country's downgrade, as well as heavy volume in the italy etf right here. what about portugal and ireland? what are we seeing there? bob pisani is joining us live from the new york stock exchange with a look at all the etf trades. what do you see? >> weekly look at the etf business. you can buy and sell the whole country stock markets using exchange traded funds. take a
breaking news from toyota. a week and a half after recalling around 5,000 lexus gx 460 and two weeks after suspending sales of the luxury suv, toyota has a fix in place to fix the stability control issues with that vehicle. the company is now going to resume sales of the lexus gx 460 and will start contacting owners of those 5,000 who have already bought the suv so they can come in and get the software upgrade. again, toyota, resuming sales of the gx 460 two weeks after suspending sales. trish,...
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Feb 4, 2010
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. >> and matt, no relation to the gas pedal problem at toyota? >> none whatsoever. it's interesting, the fact that they point out there's a perception of a brake problem only as the braking system switches when in actuality there's no mechanical reduction in actual braking capacity. so they're saying you might feel the brake feels funny, but the actual braking of the car is still working fine. >> all right, matt, thanks very much. matt nesto, no impact on the stock. >> simon hobbs, as well as rick santelli. you were answering rick because he's saying he was not buying the story here? >> rick may not buy it f. you do an exhaustive study of history when it comes to deflationary depressions -- >> look ahead, ron, look ahead. >> i'm about to. i just need to be able to finish the sentence in order to do that. in order to look ahead, you to look at the past. policy mistakes made in the u.s. in the 1930s or japan in the 1990s are quite instructive insofar as in neither case were deficits big enough to counteract the deflationary pulse. i think the problem here is while man
. >> and matt, no relation to the gas pedal problem at toyota? >> none whatsoever. it's interesting, the fact that they point out there's a perception of a brake problem only as the braking system switches when in actuality there's no mechanical reduction in actual braking capacity. so they're saying you might feel the brake feels funny, but the actual braking of the car is still working fine. >> all right, matt, thanks very much. matt nesto, no impact on the stock. >>...
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Apr 26, 2010
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. >>> ross, toyota says it managed to boost global production in march by a whooping 96.7%, relative 770,000 vehicles. but the steep gain is largely on the back of low comparison figures from march 2009 numbers when the company was adjusting to a plunge in demand in the wake of the global financial crisis. still, things could be looking up for the embattled automaker. the nikkei reporter this weekend said impressive operating profit of as high as half a billion dollars for the financial year. above market consensus. this is attributable to the weaker yen and cost-cutting efforts. toyota shares getting a boost up more than 3%, 3690 japanese yen. >>> and still to come on the program, we'll take a look at what's moving the stock markets in our european stock watch. right after this. >>> look at the view of times square early in the morning in new york. 22 minutes past 4:00. eurozone governments a little bit lower today. investor tensions still very much, the ten-year note yield has dropped at 3.04%. ten years, huge week of auctions this week. $118 billion of two, five and seven-year not
. >>> ross, toyota says it managed to boost global production in march by a whooping 96.7%, relative 770,000 vehicles. but the steep gain is largely on the back of low comparison figures from march 2009 numbers when the company was adjusting to a plunge in demand in the wake of the global financial crisis. still, things could be looking up for the embattled automaker. the nikkei reporter this weekend said impressive operating profit of as high as half a billion dollars for the...
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Jan 18, 2010
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according to a business report, toyota wants to cash in on the growing popularity of hybrids. the prius was japan's bestselling cars last year. ford motor and mazda motor denied a report they want to dissolve their merger. mazda shares falling .8 on the nikkei while chan shd gan auto closed up in shanghai. >> still to come on today's "worldwide exchange," market in asia driven by jpmorgan's results. we'll find out what's going on in europe after this. as we go to the break, we'll show you what's happening with oil. right now 1.2 million people are on sprint mobile broadband. 31 are streaming a sales conference from the road. 154 are tracking shipments on a train. 33 are iming on a ferry. and 1300 are secretly checking email on vacation. that's happening now. america's most dependable 3g network. bringing you the first and only wireless 4g network. right now get a free 3g/4g device for your laptop. sprint. the now network. deaf, hard-of-hearing and people with speech disabilities access www.sprintrelay.com. >>> you're watching cnbc's "worldwide exchange." there's no u.s. becaus
according to a business report, toyota wants to cash in on the growing popularity of hybrids. the prius was japan's bestselling cars last year. ford motor and mazda motor denied a report they want to dissolve their merger. mazda shares falling .8 on the nikkei while chan shd gan auto closed up in shanghai. >> still to come on today's "worldwide exchange," market in asia driven by jpmorgan's results. we'll find out what's going on in europe after this. as we go to the break,...
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May 10, 2010
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and of course, as you mentioned we have toyota earnings coming out on tuesday. this is going to be a big rebound, judging by the numbers we got from the other automakers. a lot of the focus will be on the forecast going forward. toyota's notorious in giving very conservative estimates, but bear in mind, their incentive program in the u.s. is going to be carried out for the third month in a row. autos are not -- are not just on the agenda for ray lahood. one of the primary reasons he's visiting japan is to view the high-speed railway system. what's known here as the shinkasen. because the government has set aside billions of dollars to try to connect the u.s. cities with a high-speed railways technology and they have said they have long admired the japanese technology and ray lahood will be visiting themakers of the shinkasen high-speed railway over the course of the trip this week. chloe, back to you. >> thank you, so much, cnbc's kaori enjoji talking to us from nagoya there. brian? >> thank you very much. let's get to some of the top stories across the world be
and of course, as you mentioned we have toyota earnings coming out on tuesday. this is going to be a big rebound, judging by the numbers we got from the other automakers. a lot of the focus will be on the forecast going forward. toyota's notorious in giving very conservative estimates, but bear in mind, their incentive program in the u.s. is going to be carried out for the third month in a row. autos are not -- are not just on the agenda for ray lahood. one of the primary reasons he's visiting...
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Feb 4, 2010
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about $50, silver down 5%, also looking at palladium down and platinum down significantly with the toyota problems adding to their woes. what has cause thd major selloff in the metals has a lot to do with technical selling, but also keep in mind this risk trade that so many folks were so excited about has seemed to have gone away very quickly and also it's a very big break here in terms of the selling that we're seeing, more margin selling, perhaps, could ensue tomorrow. george of rbc pointing out more sales stops may be entered when china and other major buyers are holding off on buying metals right now. rick, over to you in chicago. >> thank you, sharon. yeah, $50 in gold,out don't see that very often. if you look at the biggest, freshest news in the credit markets, it's happening right now. kraft is launching the much expected $9.5 multi maturity deal. according to my buddies, the deal is going to be coming in potentially a little wider than the early talk. why is that important? because of all the credit issues today, we're going to be watching these price sings like a hawk. as far as
about $50, silver down 5%, also looking at palladium down and platinum down significantly with the toyota problems adding to their woes. what has cause thd major selloff in the metals has a lot to do with technical selling, but also keep in mind this risk trade that so many folks were so excited about has seemed to have gone away very quickly and also it's a very big break here in terms of the selling that we're seeing, more margin selling, perhaps, could ensue tomorrow. george of rbc pointing...
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Apr 23, 2010
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japan's nikkei is reporting that toyota may report an operating profit of 40 billion yen. and that is 2.5 times what they originally forecast coming on the back of reduced costs and weaker yen. >>> well, our next guest is seeing signs is of exhaustion in risk appetite. he is now seeing a one-month lag between the baltic index, and selected commodities. this could in turn result in a decline in commodity currencies versus the u.s. dollar. for more on the decline of the baltic index, we bring in the chief market strategist with cmc markets. always good to have you on the program, and welcome back. >> thank you for having me, maria. >> let's talk about the correlation by tween the baltic dry index and commodities and what does it tell you and why is this index so critical from your standpoint? >> yes, maria, the baltic dry index is a cost of shipping goods, and materials and non-fuel, but we have to be careful before we talk about it further. we have to say that the cost of these ships is not only a factor of the demand, but also of the supply and of the availability of ships
japan's nikkei is reporting that toyota may report an operating profit of 40 billion yen. and that is 2.5 times what they originally forecast coming on the back of reduced costs and weaker yen. >>> well, our next guest is seeing signs is of exhaustion in risk appetite. he is now seeing a one-month lag between the baltic index, and selected commodities. this could in turn result in a decline in commodity currencies versus the u.s. dollar. for more on the decline of the baltic index, we...
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Apr 15, 2010
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we had talked about toyota suspending worldwide sales of its lexus, gx 460. also saying it's starting safety tests for all the suvs. so that stock is down 8%, as well. >>> the banking stocks doing well on the back of good numbers from jpmorgan and that helped south korea's kospi push higher. the banks in south korea also doing well because moody's yesterday updating -- or upping the sovereign ratings and it does show that the financial health seems to be a little better. so good gains for the financials in south korea, as well. and on that note, i'll send it back to nicole in the u.s. >> and saijal, for all of you procrastinators out there, there is less than 20 hours to file your federal income tax forms. up nextwell, we will talk to john hewitt, a pioneer in the tax industry, coming up. ♪ well, look who's here. it's ellen. hey, mayor white. how you doing? great. come on in. would you like to see our new police department? yeah, all right. this way. and here it is. completely networked. so, anything happening, suz? she's all good. oh, my gosh. is that my c
we had talked about toyota suspending worldwide sales of its lexus, gx 460. also saying it's starting safety tests for all the suvs. so that stock is down 8%, as well. >>> the banking stocks doing well on the back of good numbers from jpmorgan and that helped south korea's kospi push higher. the banks in south korea also doing well because moody's yesterday updating -- or upping the sovereign ratings and it does show that the financial health seems to be a little better. so good gains...
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Feb 15, 2010
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give us your take on how much damaging do you think the toyota story has been for the company? >> i think it's -- >> in terms of customers coming to buy cars in the future. >> i don't think it will hurt them that bad. it's the way they reacted with it. if you have a problem that never breaks, you don't think about it. they are dealing it in a more effective way than most car companies have. at the end of the day after three or four months when cars get fixed, the buying public will come back and dealt with just like they were before. >> we'll see what happens. valentine's day is over but for those of you with office romances you may celebrate being back to work today. be careful. those secret co-worker flings can land you in a lot of trouble. all you have to do is logon to our website for an at work dating tips from jane wells in her funny business blog. just go to cnbc.com. the at work dating tips. potentially dangerous game unless you end up marrying one of your co-workers in which case it's fine, ralph. give us final thoughts. how long will we be tightening policy in asia? >
give us your take on how much damaging do you think the toyota story has been for the company? >> i think it's -- >> in terms of customers coming to buy cars in the future. >> i don't think it will hurt them that bad. it's the way they reacted with it. if you have a problem that never breaks, you don't think about it. they are dealing it in a more effective way than most car companies have. at the end of the day after three or four months when cars get fixed, the buying public...
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Jan 20, 2010
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i just drove around port-au-prince in the back of a toyota van and you could see people buying and selling beside the street and no foins phones. lots of commerce going on. >> no way to communicate? >> no way to communicate. when have you that situation, there's an opportunity to build a cell phone company which we've done. i'd also say i met people when i was there and said these people are fantastic. very hard-working and exceptionally bright so there is a great work force in haiti and all you need to do is harness them and why foreign and direct investment is an important part of this program that president clinton is trying to create but also the obama administration. >> how do your margins, not just in haiti but overall on the caribbean. you're competing against carlos slim in some places who thought he owned everything. how do your margins compare on what you're selling overall to, say, at&t in the united states? >> they would be actually better. at&t is a terrific company. but, you know, we would have an margin of about 42%, 43%. >> much better than theirs? >> much better, yes. >> b
i just drove around port-au-prince in the back of a toyota van and you could see people buying and selling beside the street and no foins phones. lots of commerce going on. >> no way to communicate? >> no way to communicate. when have you that situation, there's an opportunity to build a cell phone company which we've done. i'd also say i met people when i was there and said these people are fantastic. very hard-working and exceptionally bright so there is a great work force in...
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Mar 17, 2010
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>> the toyota thing, the thing i first thought about immediately after the toyota crisis was the fact that gm will probably be able to price an ipo this year for sure now. however, if you are looking at ford as a stand-alone stock, where gm is public again, and closet indexes can buy that name as well, you would imagine it would have a short-term impact on ford. that's really the only name to own if you want to be in the space today. >> right. let's move on. put our ear to the wall. see what the chatter around the trading floor is. we turn to clorox. heavy volume in the options. heavy volume also in the stocks. gary, you talked about, you phoned in on the show because this is a name you feel strongly about. >> you don't buy this because of the takeoff on chatter. i don't believe the company wants to sell. the rumored buyer is p&g. the fundamentals here is so dynamic you can own the stock and if you get taken out, great. >> we're seeing april calls. and spreads being put on. >> i think what gary said is key here. this morning, 65, 70 calls. many think the stock is at a stable low at 65
>> the toyota thing, the thing i first thought about immediately after the toyota crisis was the fact that gm will probably be able to price an ipo this year for sure now. however, if you are looking at ford as a stand-alone stock, where gm is public again, and closet indexes can buy that name as well, you would imagine it would have a short-term impact on ford. that's really the only name to own if you want to be in the space today. >> right. let's move on. put our ear to the wall....
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Mar 31, 2010
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toyota, of course, shrugged off the weakness in the japanese yen. ahead of u.s. sales, basically they are contemplating perhaps extending those aggressive strategies to win back some consumers in the u.s. market which, of course, is going to come across the margins to the automaker. that's perhaps one of the reasons that the stock did end down. also, we saw some weakness in the banking stocks given that the u.s. peers ended the day in the red. moving on to the greater china market, all these markets finished the day lower in negative territory, the banking stock else and the steel stocks in china were weighing down on the shanghai xos writ. in hong kong, that market was softer there. we saw them down on news that they may be subscribing for that news in qualcomm. after the market closed, we have chinalco earnings out. the nebs were in line with expectations. 17 billion yuan. slightly higher from a year ago. oil prices, of course, made a comeback in that quarter. as today is the last trading day for the first current quarter, for the fiscal year of 2010, let's tak
toyota, of course, shrugged off the weakness in the japanese yen. ahead of u.s. sales, basically they are contemplating perhaps extending those aggressive strategies to win back some consumers in the u.s. market which, of course, is going to come across the margins to the automaker. that's perhaps one of the reasons that the stock did end down. also, we saw some weakness in the banking stocks given that the u.s. peers ended the day in the red. moving on to the greater china market, all these...
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Apr 6, 2010
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toyota will continue to offer most of its big incentives through april. according to published reports, renault, nissan and daimler will partner on small vehicles. u.s./brazil, billions in subsidies paid to american cotton farmers. >>> for more on today's market moves let's head back to the floor of the new york stock exchange where they are standing by. i hear you say we are going to hit 1200 for s&p 500 next week and 13 by september. what are your predictions. >> the only thing that truly worked are technicals. off to the 1044 on the downside we bounced off that level. that's all that has been ringing sounding true for the marketplace. technicals fundamentals look good but technicals are what they are basing their opinions to buy and sell the market on. grinding higher, volume is light. i think it's going to continue having 1200 next week, middle of may s&p. >> how about dow, is it a resistance point? >> of course it is. i don't trade based on the dow, i'm more focused on s&p. 11,000 is the resistance point. we should obviously over take that if we're m
toyota will continue to offer most of its big incentives through april. according to published reports, renault, nissan and daimler will partner on small vehicles. u.s./brazil, billions in subsidies paid to american cotton farmers. >>> for more on today's market moves let's head back to the floor of the new york stock exchange where they are standing by. i hear you say we are going to hit 1200 for s&p 500 next week and 13 by september. what are your predictions. >> the only...
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Mar 17, 2010
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how much is gm benefiting, did he say, from toyota's troubles? >> reporter: he wouldn't say. he didn't want to touch that question. he said their focus right now is on general motors. as he pointed out, we've got enough of our own problems, and the we, he said that about general motors, they've got enough of their own problems that he's not going to speculate in terms of how gm is profiting or benefiting because of the problems with toyota. >> all right. thank you very much, phil lebeau. and i know, phil, as you hear more, we'll have you back on, but thanks for coming on. >>> all right, it is street cap time. $75 million worth of pharmaceuticals, pills, have been stolen from an eli lilly distribution center in connecticut. police say the crooks cut a hole in the roof in the center, then climbed down, took the drugs, apparently so many that they must have had a tractor-trailer. interestingly, they took antipsychotic and antidepressant drugs. they did not take narcotics. discover financial services will repay $1.2 billion. hartford financial services will repay $3.4 billion. th
how much is gm benefiting, did he say, from toyota's troubles? >> reporter: he wouldn't say. he didn't want to touch that question. he said their focus right now is on general motors. as he pointed out, we've got enough of our own problems, and the we, he said that about general motors, they've got enough of their own problems that he's not going to speculate in terms of how gm is profiting or benefiting because of the problems with toyota. >> all right. thank you very much, phil...
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Jan 21, 2010
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recently underperforming blue chips such as toyota motors, sony and canon were higher on hopes that china will continue to grow. volume users have surged roughly 50% since september. in contrast, pioneer los lost ground after deciding to increase its capital by 20 billion yen through a public offering. meanwhile, few gee fire and marine insurance will issue shares to a unit of aig to strengthen their relationship. aig will boost its stake in fuji to 55% from the current 42% opinion finally, the nikkei has learned that entity dochamo will team with google and microsoft to launch a service in which smart phone applications will be charged as part of calling plans. docomo and its partners seek to challenge apple's online store for the iphone. that was the nikkei business report. back to you, christine. >> thank you very much. right now, let's check in on how the indian market is doing. reema can duke ka joins us live from mumbai. reema. >> hi. it's looking very, very weak out here. today it was very focused in the capital goods space. elan did i has completely disappointed the street and tha
recently underperforming blue chips such as toyota motors, sony and canon were higher on hopes that china will continue to grow. volume users have surged roughly 50% since september. in contrast, pioneer los lost ground after deciding to increase its capital by 20 billion yen through a public offering. meanwhile, few gee fire and marine insurance will issue shares to a unit of aig to strengthen their relationship. aig will boost its stake in fuji to 55% from the current 42% opinion finally, the...
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Apr 12, 2010
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big toyota sign and the rooftop owners wouldn't have anything to do with it. of course i have to have some props this morning. that includes the little nachos in a big helmet. the cubs doing their part to promote obesity in this country. right here you have the full nachos in here in the real helmet and the bison -- don't know if they're going to take it but the bison hot dog for $5.50 by tom rickets' ranch, the new owner of the cubs in wyoming. let me take a quick bite because it's required. okay. very lean like bison. it has more omega 3s than salmon and the leanest of the meats. >> does it taste like a hot dog? >> reporter: yeah, it does. they've done a really nice job. and it does taste very lean and good. throughout the day we'll be here and have the new owner of the cubs tom rickets. do i have mustard on me? tom rickets on squawk on the street. he'll talk about the whole business and how the $845 million business -- that bet will pay off. >> did i hear you correctly? you said they've redone the bathrooms but the trough is still there? >> reporter: yes. t
big toyota sign and the rooftop owners wouldn't have anything to do with it. of course i have to have some props this morning. that includes the little nachos in a big helmet. the cubs doing their part to promote obesity in this country. right here you have the full nachos in here in the real helmet and the bison -- don't know if they're going to take it but the bison hot dog for $5.50 by tom rickets' ranch, the new owner of the cubs in wyoming. let me take a quick bite because it's required....
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Jan 22, 2010
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we continue to gain share with companies like ford and toyota and that's been a big part of our story, too. >> are those share gains, sir, coming as a result of the terrible times your business has gone through, your industry, i mean, in the last two years? in other words, have players fallen by the way side offering you new opportunities? >> well, a little bit. i think i guess i would say that maybe they haven't fallen by the way side but we certainly have taken share from them. and if you look at our backlog, mark, we came into this year announcing we had roughly $2.5 billion of new business to execute over the next three-year time frame. and so it's really international growth and the share gains really come from long standing relationships we have with those customers. >> are you seeing the major auto makers foreign and domestic in a better situation about the future? what i mean is, you know, we went through a period here of pulling in horns. are the horns now back out and are people starting to get aggressive about let's build for the future? >> well, i think somewhat. i think w
we continue to gain share with companies like ford and toyota and that's been a big part of our story, too. >> are those share gains, sir, coming as a result of the terrible times your business has gone through, your industry, i mean, in the last two years? in other words, have players fallen by the way side offering you new opportunities? >> well, a little bit. i think i guess i would say that maybe they haven't fallen by the way side but we certainly have taken share from them....